Rite Aid Company Description
Rite Aid may have found the right aid for its ills: growth. The nation's #3 drugstore chain (behind CVS and Walgreen), the company runs more than 4,810 drugstores in 30-plus states and the District of Columbia. Rite Aid stores fill prescriptions (two-thirds of sales) and sell health and beauty aids, convenience foods, greeting cards, and other items, including some 3,300 private-label products. More than half of all Rite Aid stores are freestanding and about 50% have drive-thru pharmacies. No longer a distant third behind Walgreen and CVS, Rite Aid acquired more than 1,850 Brooks and Eckerd drugstores from Canada's Jean Coutu Group for about $4 billion in 2007, which left Rite Aid with plenty of debt.
View the Comprehensive Company Description for Rite Aid
The Company Description provides a historical perspective of Rite Aid's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Rite Aid's evolution in the marketplace.
